Google and CEO to give $1 million each to needy Bay Area families

Google announced Sunday night it is giving $1 million to help families in the San Francisco Bay Area, with CEO Sundar Pichai contributing another $1 million. The goal is to fundraise another $3 million from employees and others through GiveDirectly, which would allow 5,000 families to receive $1,000 each.

Why it matters: Google's home region remains one of the most expensive in the country and, for those not able to work from home, the COVID-19 outbreak is a financial crisis in addition to a health crisis.